The jackpot for the Powerball draw on Sat May 24, 2025, is projected to be $163 Million, with an option for a cash payout of $73.3 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Idaho residents, the state will deduct 5.8% from your lottery earnings.
| Idaho Powerball Jackpot/Cash Option for Sat May 24, 2025 |
| Draw Date |
Sat May 24, 2025 |
| Projected Jackpot |
$163,000,000 |
| Cash Value |
$73,300,000 |
| Lumpsum Option Taxes and Payment |
| Cash Gross Payment |
$73,300,000 |
| Federal Tax(24%) |
$17,592,000 |
| Additional Federal Tax |
$9,489,330 |
| State Tax(5.8%) |
$4,251,400 |
| Net Lumpsum Payment |
$41,967,270 |
| Annuity Payment in 30 Installations |
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,453,313 |
$868,056
$142,292 |
$1,442,965 |
| 2 |
$2,576,052 |
$913,470
$149,411 |
$1,513,171 |
| 3 |
$2,704,822 |
$961,115
$156,880 |
$1,586,827 |
| 4 |
$2,840,112 |
$1,011,172
$164,726 |
$1,664,214 |
| 5 |
$2,982,085 |
$1,063,702
$172,961 |
$1,745,422 |
| 6 |
$3,131,230 |
$1,118,885
$181,611 |
$1,830,734 |
| 7 |
$3,287,710 |
$1,176,783
$190,687 |
$1,920,240 |
| 8 |
$3,452,177 |
$1,237,636
$200,226 |
$2,014,315 |
| 9 |
$3,624,794 |
$1,301,504
$210,238 |
$2,113,052 |
| 10 |
$3,806,050 |
$1,368,569
$220,751 |
$2,216,730 |
| 11 |
$3,996,271 |
$1,438,951
$231,784 |
$2,325,536 |
| 12 |
$4,196,109 |
$1,512,891
$243,374 |
$2,439,844 |
| 13 |
$4,405,890 |
$1,590,510
$255,542 |
$2,559,838 |
| 14 |
$4,626,266 |
$1,672,049
$268,323 |
$2,685,894 |
| 15 |
$4,857,563 |
$1,757,629
$281,739 |
$2,818,195 |
| 16 |
$5,100,433 |
$1,847,491
$295,825 |
$2,957,117 |
| 17 |
$5,355,365 |
$1,941,815
$310,611 |
$3,102,939 |
| 18 |
$5,623,174 |
$2,040,905
$326,144 |
$3,256,125 |
| 19 |
$5,904,349 |
$2,144,940
$342,452 |
$3,416,957 |
| 20 |
$6,199,542 |
$2,254,161
$359,573 |
$3,585,808 |
| 21 |
$6,509,568 |
$2,368,871
$377,555 |
$3,763,142 |
| 22 |
$6,835,079 |
$2,489,310
$396,435 |
$3,949,334 |
| 23 |
$7,176,727 |
$2,615,719
$416,250 |
$4,144,758 |
| 24 |
$7,535,653 |
$2,748,522
$437,068 |
$4,350,063 |
| 25 |
$7,912,346 |
$2,887,898
$458,916 |
$4,565,532 |
| 26 |
$8,308,110 |
$3,034,331
$481,870 |
$4,791,909 |
| 27 |
$8,723,434 |
$3,188,001
$505,959 |
$5,029,474 |
| 28 |
$9,159,622 |
$3,349,391
$531,258 |
$5,278,973 |
| 29 |
$9,617,652 |
$3,518,862
$557,824 |
$5,540,966 |
| 30 |
$10,098,502 |
$3,696,776
$585,713 |
$5,816,013 |
|
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